CFA

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Related to CFA franc: XOF

CFA

(Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. government as well as most financial institutions. It says that unauthorized penetration or other damage to such systems is a felony, as is trafficking in password or other access codes.

Violators are subject to fines of up to USD $250,000 per incident and up to 10 years in prison. Updates to the CFA passed in 1994 extended coverage to dissemination of viruses and worms. For more information, visit www.law.cornell.edu, and look up "Title 18, 1030." See also CompactFlash Association.
References in periodicals archive ?
WAEMU's CFA franc is issued by the Banque Centrale des Etats de l'Afrique de l'Ouest (BCEAO), while CEMAC's CFA franc is issued by the Banque des Etats de I'Afrique Centrale (BEAC).
Critical matters concerning the operations of the CFA franc are kept top secret and only French Treasury officials are in a position to give the exact amount of money belonging to the CFA zone countries held in the Operations Accounts.
The program incorporates a series of measures designed to alleviate the immediate consequences of the CFA franc devaluation on the most vulnerable population groups.
The devaluation of the CFA franc against the French franc on January 12, 1994, offered a unique opportunity for Chad to break the vicious circle of public administration disintegration and private sector decline.
This will be preceded by a single monetary zone from January 2003, which in turn will merge with the seven CFA franc zone members: Benin, Burkina Faso, Cote d'Ivoire, Mali, Niger, Senegal and Togo.
Against this background, Benin joined other member countries of the CFA franc zone in strengthening its adjustment strategy through a devaluation of the CFA franc against the French franc with effect from January 12, 1994.
So far, a sliding euro has dragged the CFA franc down with it.
Accordingly, the Government strongly supported the decision to devalue the CFA franc against the French franc on January 12, 1994.
In theory, no, since France has guaranteed the free convertibility of the CFA franc into the euro.
Therefore, Cote d'Ivoire joined other member countries of the CFA franc zone in adopting a comprehensive macroeconomic strategy encompassing the devaluation of the CFA franc against the French franc with affect from Jan.
Their currency, the CFA franc is pegged to the euro at a fixed rate of CFA655.